Unibail-Rodamco, Europe's largest listed property company, has placed a €750 mln bond.
Unibail-Rodamco, Europe's largest listed property company, has placed a €750 mln bond.
The eight-year bond matures in February 2021 and will offer a fixed coupon of 2.375%.
The placement was 2.5 times oversubscribed, with the order book reaching over €1.9 bn. The net proceeds from the bond will strengthen the group's liquidity.
The property giant has tapped the bond markets with similar sized issues several times in 2012 and 2011 to access cheap debt.
Unibail-Rodamco is rated A (stable outlook) by Standard & Poor's and FitchRatings.
